Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2022 and First Quarter Ended March 31, 2022, Earnings Release and Conference Call Dates

Rhea-AI Summary

Gladstone Land Corporation (NASDAQ: LAND) has declared cash distributions of $0.0454 per share of common stock and $0.125 per share for Series B and C preferred stocks for April, May, and June 2022. For Series D preferred stock, the distribution is set at $0.104167. The total quarterly distribution for common stock reaches $0.1362, with a strong history of 110 consecutive payments since 2013. An earnings announcement for Q1 2022 is planned for May 10, 2022, with a subsequent conference call scheduled for May 11, 2022.

Positive

• Declared monthly cash distributions totaling $0.1362 for common stock in Q2 2022.
• Consistent record of 110 consecutive monthly cash distributions since 2013.
• No skipped or reduced distributions for any series of preferred stocks.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / April 13, 2022 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced today that its board of directors declared the following cash distributions for each of April, May and June 2022 and also announced its plan to report earnings for its first quarter ended March 31, 2022.

Monthly Cash Distributions:

Common Stock: $0.0454 per share of common stock for each of April, May and June 2022, payable per the table below:

Summary of Common Stock Cash Distributions

Record Date	Payment Date	Amount
April 22	April 29	$ 0.0454
May 20	May 31	0.0454
June 22	June 30	0.0454
Total for the Quarter:		$ 0.1362

The Company has paid 110 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 26 times over the prior 29 quarters. The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.GladstoneFarms.com.

Series B Preferred Stock (Nasdaq: LANDO): $0.125 per share of Series B Preferred Stock for each of April, May and June 2022, payable per the table below:

Summary of Series B Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
April 22	April 29	$ 0.125
May 20	May 31	0.125
June 22	June 30	0.125
Total for the Quarter:		$ 0.375

The Company has not skipped, reduced, or deferred a monthly Series B Preferred Stock distribution to date.

Series C Preferred Stock (Unlisted): $0.125 per share of Series C Preferred Stock for each of April, May and June 2022, payable per the table below:

Summary of Series C Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
April 28	May 6	$ 0.125
May 27	June 6	0.125
June 29	July 6	0.125
Total for the Quarter:		$ 0.375

The Company has not skipped, reduced, or deferred a monthly Series C Preferred Stock distribution to date.

Series D Preferred Stock (Nasdaq: LANDM): $0.104167 per share of Series D Preferred Stock for each of April, May and June 2022, payable per the table below:

Summary of Series D Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
April 22	April 29	$0.104167
May 20	May 31	0.104167
June 22	June 30	0.104167
Total for the Quarter:		$ 0.312501

The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribution to date.

Earnings Announcement:

The Company also announced today that it plans to report earnings for its first quarter ended March 31, 2022, after the stock market closes on Tuesday, May 10, 2022. The Company will hold a conference call on Wednesday, May 11, 2022, at 8:30 a.m. EDT to discuss its earnings results. Please call (877) 407-9046 to join the conference call. An operator will monitor the call and set a queue for questions.

A conference call replay will be available after the call and will be accessible through May 18, 2022. To hear the replay, please dial (877) 660-6853 and use playback conference number 13727663.

The live audio broadcast of the Company's conference call will also be available online at www.GladstoneFarms.com.

About Gladstone Land:

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland located in major agricultural markets in the U.S., which it leases to farmers. The Company currently owns 164 farms, comprised of approximately 113,000 acres in 15 different states and 45,000 acre-feet of banked water in California, valued at a total of approximately $1.5 billion. Additional information can be found at www.GladstoneFarms.com.

For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.Gladstonecompanies.com.

For further information: Gladstone Land Corporation, +1-703-287-5893

SOURCE: Gladstone Land Corporation

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FAQ

What is the cash distribution for Gladstone Land's common stock in Q2 2022?

The cash distribution for Gladstone Land's common stock in Q2 2022 is $0.0454 per share for April, May, and June.

When will Gladstone Land announce its earnings for the first quarter of 2022?

Gladstone Land plans to announce its earnings for the first quarter ended March 31, 2022, after market close on May 10, 2022.

What is the total cash distribution for Series B Preferred Stock for Q2 2022?

The total cash distribution for Series B Preferred Stock for Q2 2022 is $0.375 per share.

When is the conference call for Gladstone Land's Q1 2022 earnings?

The conference call for Gladstone Land's Q1 2022 earnings is scheduled for May 11, 2022, at 8:30 a.m. EDT.